Common Contracts
2 similar Promissory Note contracts by Advanced Photonix Inc
PROMISSORY NOTE (Term Loan-Prime)Promissory Note • September 29th, 2008 • Advanced Photonix Inc • Semiconductors & related devices
This Note shall be repaid by consecutive monthly installments of principal, each in the amount of Thirty Six Thousand One Hundred Sixty and 76/100 Dollars ($36,160.76) plus interest, commencing on the third day of November, 2008 and continuing on the first Business Day of each month thereafter, calculated using an original four (4) year amortization from the date of this Note. The unpaid principal balance and all accrued interest thereon shall be due and payable in full on the Maturity Date (or earlier upon acceleration). Amounts repaid may not be readvanced.
PROMISSORY NOTE (Line of Credit-Prime)Promissory Note • September 29th, 2008 • Advanced Photonix Inc • Semiconductors & related devices
This Note shall be repaid by consecutive monthly installments of interest, commencing on the third day of November, 2008 and continuing on the first Business Day of each month thereafter. The unpaid principal balance and all accrued interest thereon shall be due and payable in full on the Maturity Date (or earlier upon acceleration). This is a Note under which amounts repaid may be readvanced, pursuant to the terms of the Loan Agreement and this Note.
